coaching and other services to build your business. They are not looking to pay a salary as a fixed part of your compensation. The stockbroker firms want you to become successful. When you make money, they do.

There are discount or online securities firms that have salary positions, but this is usually just for call center reps who can take client information, but are not paid on any sales from

One of the questions we get frequently is what are the salary or earning possibilities for a stockbroker?

That can really be 2 different questions. Firms of all types look for stockbroker trainees or licensed stockbrokers from other companies. For the new trainees, smaller companies will look to pay a training allowance during the training period. This can be anywhere from $250-$750 a week. This "salary" when working for smaller or independent firms may be temporary.

The people that own or run these stockbroker firms have a mindset that this is a commission business. Meaning, the clients you get will ultimately make you the money. This is largely true. No Stockbroker got rich on salary. They earn their money by selling stock for commission. The firm will normally pay out 50% or so the the broker. The more clients you have, the more money you can/will make.

The larger firms will be more particular who they hire, but will usually offer more guaranteed salary. These firms will take on a new employee and will invest 6 months or a year paying a better guaranteed salary, but the commission percentage (if there is any during this time) will be less.

If you want to enter this business and become a successful broker, you need to have a commission mindset. The salary or draw is really only there to give you a chance to live on something while building your client book and business. From the firm's perspective, they are offering you a chance to make an unlimited income potential while using the firms resources to make that happen. They are giving you support, a phone, analysis, coaching and other services to build your business. They are not looking to pay a salary as a fixed part of your compensation. The stockbroker firms want you to become successful. When you make money, they do.

There are discount or online securities firms that have salary positions, but this is usually just for call center reps who can take client information, but are not paid on any sales from w

"salary" when working for smaller or independent firms may be temporary.

The people that own or run these stockbroker firms have a mindset that this is a commission business. Meaning, the clients you get will ultimately make you the money. This is largely true. No Stockbroker got rich on salary. They earn their money by selling stock for commission. The firm will normally pay out 50% or so the the broker. The more clients you have, the more money you can/will make.

The larger firms will be more particular who they hire, but will usually offer more guaranteed salary. These firms will take on a new employee and will invest 6 months or a year paying a better guaranteed salary, but the commission percentage (if there is any during this time) will be less.

If you want to enter this business and become a successful broker, you need to have a commission mindset. The salary or draw is really only there to give you a chance to live on something while building your client book and business. From the firm's perspective, they are offering you a chance to make an unlimited income potential while using the firms resources to make that happen. They are giving you support, a phone, analysis, coaching and other services to build your business. They are not looking to pay a salary as a fixed part of your compensation. The stockbroker firms want you to become successful. When you make money, they do.

There are discount or online securities firms that have salary positions, but this is usually just for call center reps who can take client information, but are not paid on any sales from

he broker. The more clients you have, the more money you can/will make.

The larger firms will be more particular who they hire, but will usually offer more guaranteed salary. These firms will take on a new employee and will invest 6 months or a year paying a better guaranteed salary, but the commission percentage (if there is any during this time) will be less.

If you want to enter this business and become a successful broker, you need to have a commission mindset. The salary or draw is really only there to give you a chance to live on something while building your client book and business. From the firm's perspective, they are offering you a chance to make an unlimited income potential while using the firms resources to make that happen. They are giving you support, a phone, analysis, coaching and other services to build your business. They are not looking to pay a salary as a fixed part of your compensation. The stockbroker firms want you to become successful. When you make money, they do.

There are discount or online securities firms that have salary positions, but this is usually just for call center reps who can take client information, but are not paid on any sales from

iness and become a successful broker, you need to have a commission mindset. The salary or draw is really only there to give you a chance to live on something while building your client book and business. From the firm's perspective, they are offering you a chance to make an unlimited income potential while using the firms resources to make that happen. They are giving you support, a phone, analysis, coaching and other services to build your business. They are not looking to pay a salary as a fixed part of your compensation. The stockbroker firms want you to become successful. When you make money, they do.

There are discount or online securities firms that have salary positions, but this is usually just for call center reps who can take client information, but are not paid on any sales from

coaching and other services to build your business. They are not looking to pay a salary as a fixed part of your compensation. The stockbroker firms want you to become successful. When you make money, they do.

There are discount or online securities firms that have salary positions, but this is usually just for call center reps who can take client information, but are not paid on any sales from what that client does.

These types of jobs may be decent for people who are just looking to enter the business or who just need a job. Over time, most people find these jobs unsatisfying. The real joy of this business is being paid for YOUR work and what you have sold to your clients. Yes, there is heartache with working on commission as well.

If you are looking for the best combination of salary, training and commission upside - it is probably best to look at better known stockbroker firms who have the time, money and support to invest in you with an appropriate salary before you earn on your own. However, if you truly believe in your abilities and want to "come out swinging", then going with a smaller firm may be your best bet.